I was recommended to a solicitor who has quoted just over a thousand pound for freehold conveyancing in Birch and Middleton. I am selling a newly refurbished property for £225,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Birch and Middleton?
The estimate does seem marginally overpriced. Where you are content to invest time comparing costs you might shave off some of the cost by perhaps £125. On the other hand, you couldlive to rue opting for an a cheaper conveyancer. If is important to be sure the firm can act for your mortgage company. You can utilise our search tool to locate a Birch and Middleton conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Birch and Middleton.
The Birch and Middleton conveyancing solicitors that I appointed last week on my house acquisition in Birch and Middleton have suddenly closed. I only went with them because I needed a solicitor on the Bank of Ireland conveyancing panel and my preferred Birch and Middleton lawyer was not. I paid them 275 plus VAT on account. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Are there restrictive covenants that are commonly identified during conveyancing in Birch and Middleton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Birch and Middleton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Birch and Middleton with a mortgage from HSBC Bank. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about the side-deal as it would affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Birch and Middleton I like with a park and station nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Birch and Middleton in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.